Monero XMR/USD is trading at 49.32. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 47.60, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 55.90.
Monero prediction & analysis XMR/USD on August 12, 2017
Earlier, a weak signal was received for sales of Monero cryptocurrency, due to the intersection of signal lines at the level of 49.50. Cancellation of the variant of growth of quotations Monero will become a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 44.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations for XMR/USD is with the breakdown of the local maximum area at 54.00.
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